There is a lack of transparency on how were going to fund these projects, Marin said, questioning the benefits that new mining projects will actually bring to the Global South. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Flip, scroll and swipe your way to the best mining stories and news anytime, anywhere. Unlike a linear economy, it is about optimising systems rather than the individual components. Plastic packaging circularity an opportunity not to be wasted, Innovation for Carbon Neutrality in the Cement Industry, The road to Georgias accession to the EU, EU-Latin America relations: shared values and missed opportunities, How the European Union is advancing its agenda in Central Asia - Kazakhstan's role in interregional cooperation, IRIS: Guaranteed Access to Ultra-Secure Communication for EU & Partner Countries. What are we creating of value in that space, and not just pulling ore out of the ground but what can we do on that property? Chovan said. JOHANNESBURG (miningweekly.com) - Glencore has taken another step on the road to achieving the world's circular economy imperative. The circular economy is more than just a buzz phrase. Its also one that considers itself to be different to the rest Set apart by its unparalleled complexity. 11 Apr 2023 Event type Webinar City Copenhagen Country Denmark Key Area Innovation and investments Sector Awareness raising, Mining, metals and minerals, Other (Critical Raw Materials Regulation) Scope Cooperation and development, International, EU Organising Body Circular Innovation Lab ApS In this second part, we will explore our progress, and how true circularity can be achieved. And how can the industry rise to this moment where we need a lot more metals, and we cant justify a conventional industrial model for a variety of reasons?, Related: The dawn of the next super-cycle for metals is now here, according to Canadian economist Patricia Mohr. EU Green Week 2023 | European Circular Economy Stakeholder Platform Steve Dutton A 2019 reportestimated that the worlds 3,500 large-scale mining operations produce over 100 billion tonnes of solid waste per year. Rethinking how we extract minerals and metals could have a profound impact on how our industry contributes to our economies and communities. The development of roadmaps by the industry and facilitated by CMIC has led to more open collaborative efforts by mining companies and the supply chain in general. One strategy that is being looked at is the circular economy a concept that looks to eliminate waste and pollution by generating value from normally wasteful processes. Towards a Circular Economy Approach to Mining Operations: Key Concepts, Drivers and Opportunities, is available to read online. It addresses an initiative under the Canadian Mining and Metals Plan (CMMP), she told me. As a result of this, we have created a scenario that is frequently referred to as a "take, make, and dispose of" world, where we promote a single use of materials and products, creating a one-directional model of mass production, mass consumption, and finally, disposalafter a single or limited-time use. The most common application of circular economy in mining currently involves reprocessing tailings materials in order to extract left over minerals, but according to Chovan, there are plenty more opportunities to take advantage of the resources available to a mining operation, for instance reusing or donating used equipment, but there is also an opportunity to make strides towards ESG goals as well. Mining and the Circular Economy | ReThink Mining A review of circular economy strategies for mine tailings We will never be self-sufficient, Rubinacci acknowledged, saying the EU would be wrong to close its market to protect its domestic mining industry. London, UK - ICMM has published updated guidance which is designed to help mining companies improve how human rights impacts are managed across the globe.. ICMM's Human Rights Due Diligence Guidance (the Guidance) aims to help mining companies to better integrate human rights into existing risk management approaches. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. And if they would actually evaluate the value of those materials the same way they do for all the other infrastructure that they operate, they may treat them very differently, and it could shift the business model by doing that. And that creates a fundamental threat for us, Rubinacci said. ICMM - Circular Economy - Open graph Is it even in their interest to provide these materials to the European market? he wondered. The companyplans to use this deposit to test a pilot mercury clean-up operation, backed by technology firms Mercury Cleanup and Oro Industries. As CEO of Coreo, Ashleigh Morris is bold in her pursuit of systemic change. Deloitte, us, we and our refer to one or more of Deloitte Touche Tohmatsu Limited (DTTL), its global network of member firms, and their related entities (collectively, the Deloitte organization). At the same time, Europe cannot be nave and must also act decisively against any attempt to restrict trade in critical raw materials, the EU official added, referring to a recent OECD paper that found export duties rising exponentially over the past years. What the EU is looking for, Rubinacci said, is to promote an alternative model for African countries and other raw material producers that makes European investors more attractive than Beijing. Diego Marin, a green campaigner at the European Environmental Bureau (EEB), praised the EUs Critical Raw Materials Act for its comprehensive approach to new mining projects, which includes a development dimension involving countries in the Global South. [European Union, 2023], Print Email Facebook Twitter LinkedIn WhatsApp Telegram. While the technology needs further development, namely in finding a way to recycle the chemicals used in the gold-absorbing compound, and the start-up is still in search of a financial backer to help realise its lofty ambitions, Mints work is an example of innovative and technologically-driven solutions to a sector that is still struggling to clean up its waste management. In setting up to accelerate a global circular economy, the International Council on Mining and Metals (ICMM) will be focusing on the value chains of wind turbines and solar photovoltaic panels and . Many environmentalists will argue that recycling is the answer to future metals shortages. Towards circular economy in mining: Opportunities and bottlenecks for This includes having robust policies and processes in place to assess . And so, this article has (pardon the pun) come full circle. Your email address will not be published. Achieving circularity will require us to consider the industry as just one part of an ecosystem, or a cog in a much larger machine. For example, the drill and blast process typically results in all material being hoisted to the surface for processing. With platinum group metals (PGMs), base metals,and even rare commodities such as gold among these unintended by-products of mining, there areanumber of initiatives across the mining industry to improve the reclamation of resources, and push the sector towards a truly circular economy. Scandium International is particularly reliant on this external support considering its own limited mining resources. To create circular mine sites, requires circular thinking. It is not in Europes interest to decouple itself fully from China and the bloc should instead look into diplomatic and economic de-risking instead, European Commission President Ursula von der Leyen said on Thursday (30 March). Although advances have been made, this review shows that the most significant material flows and environmental impacts occur near the production sites . Existing examples of circularity in the mining and metals sector, such as recycling, re-use or design for disassembly, form part of the circular economy concept and lay the foundation . The use of the circular economy principle for mine waste is a mean to reduce liabilities and to increase the value from the mining waste ( Tayebi-Khorami et al., 2019) to recover both metals and mineral fraction ( Bodnan et al., 2021 ). Rather than having numerous environmental innovations developed individually, it can be beneficial to share knowledge across the supply chain to more efficiently integrate them into operations and generate value. DTTL does not provide services to clients. The concept of circular economy is founded upon interconnectedness. In contrast, others, such as plastic waste, represent very low economic value, as it is cheaper to produce new plastic than recycle it from the waste streams. 01-06-2023 As mining operations grow, so too does their waste production, despite the fact that many waste streams contain useful and even precious resources. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aluminium: the overlooked component of the Critical Raw Materials Act? Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. The focus of a circular economy is on maintaining products, components and materials at their highest possible value for the longest possible time. First, a traditional leaching process removes base metals such as iron and copper from electronic waste, before a patented acidic compound is applied to the waste, strong enough to dissolve gold that is then absorbed by microbes in the compound. These lead to reductions in costs related to operational risk management and consumption in general.. How can minersdetermine the best mix of water-energy usage for their unique constraints? Mining Weekly - Glencore advances further on circular economy journey The Missing Link: a Circular Economy Strategy - Medium sdutton@deloitte.com. CMIC has created a platform for innovation that makes it easier accelerate the pace of innovation and move us towards solutions that we can commercialize across the sector. However, to keep global temperature rises to a minimum, more metals and mining are necessary. As industries around the world look to decarbonize in order to help address climate change, increasing supply of vital minerals and metals used in green technologies like batteries or solar panels will be required. Required fields are marked *. In this chapter we analyze the application of Industry 4.0 concepts to advance the adoption of the circular economy in the mining industry. Through the connection of innovators and facilitation of collaboration, CMIC is driving change, helping create a circularity within the industry; and potentially creating an alignment between mining and other industries deploying new and highly innovative business models. The public will need to accept greater mining activity if the world is to meet the challenge of going green. To address how we produce and consume products and materials we need to manage the stock and flows of materials collaboratively along value chains, because after all, to create a circular economy you cant do it all and you cant do it alone. Again, the cradle-to-cradle concept is central to these efforts. Click edit button to change this text. Exploring barriers and drivers to the implementation of circular Extraction Technology in Mining: Mine Backfilling, Extraction Technology in Mining: Extraction By Leaching, Portugal approves lithium mine despite localopposition, Protests erupt as illegal miners remain in Ghana gold mine, First-ever certification for sustainable Bitcoin mining. The role of resource extraction in a "circular" world - UNEP Here at CMIC our focus is on the second component, how materials are mined. Innovative companies are more than willing to jump on board as these collaborative projects are strategically relevant to them. Our emails are designed to keep you up to date on the news and events impacting the minerals-related industries. Abu Dhabi [UAE], June 1 (ANI/WAM): UAE Minister of Economy Abdullah bin Touq Al Marri said that the UAE aims to become a global model of green growth and the circular economy, contributing to sustainable economic growth through cooperation with partners, to open new markets for national exports, enhance the competitiveness . Mining is an industry that has, for some time, been reliant on linear pathways for products and services. By Max Lulavy, Perrine Toledano, and Martin Dietrich Brauch. Globally, we have been practicing a linear economy for more than two centuries. However, on this occasion, I found a treasure trove of online resources that I felt would be helpful to share. Circular economics, reprocessing waste and mining ICMM - Mining and Metals and the Circular Economy - Open graph DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. The paper gives lots of practical examples on how that can be done. Rather thancutting down on waste itself, companies areinvesting in new industrial processes to extract and re-use some of the useful materials that are often dumped among tonnes of less useful mining waste. Since then, the company has moved into the development of more advanced technologies, aiming to increase the environmental viability of both its operations in particular and mining in general. Learn how Deloittes approximately 415,000 people worldwide make an impact that matters atwww.deloitte.com. As a result of this, we have created a scenario that is frequently referred to as a take, make, and dispose of world, where we promote a single use of materials and products, creating a one-directional model of mass production, mass consumption, and finally, disposalafter a single or limited-time use. EnviroLeach notes that global electronic waste is predicted to increase to 78 million tonnes by 2026 as electronic devices become more widespread, and demand for gadgets increases. According to the International Energy Agencys (IEA) 2021 report on The Role of Critical Minerals in Clean Energy Transitions, the mineral requirements of an energy system powered by clean energy technologies differ widely to one run on fossil fuels. This third company has developed a water-based process to extract PGMs from catalytic converters, with up to 90% of the precious metals being recovered. However, if not recycled properly, it creates significant challenges when landfilled or disposed of into the environment without recycling, leading to global plastic pollution. Likewise, turning some industrial wastes such as mine tailings into opportunities to extract critical elements or metals provides enormous incentives for creating a circular economy around extractive resource industries.. Even though froth flotation has been used successfully for mineral separation for more than a century (4), the progressive reduction of ore grade forces miners to produce fine and ultrafine. By working together to create value-added innovation, we can leverage the resources of members to reduce the financial and technical risks of deploying new technology at sites. Scandium International expectsto extract cobalt, nickel,and copper from mining waste. DTTL does not provide services to clients. Mining and the Circular Economy Carl Weatherell June 16, 2021 A circular economy (CE) is any economic system where waste is eliminated, and resources are continually used and reused. To do this we must tackle the platform technologies and processes of the industry that have the largest environmental footprint, such as those that consume energy and water. Deloitte Global mining and metals report explores key trends shaping the industrys future, Infrastructure, Transport & Regional Government, Telecommunications, Media & Entertainment, "Anglo American CEO: '45% of the worlds economic activity is driven by the mining sector'", Alisha Hiyate, the Canadian Mining Journal, 3 May 2021, "World Population Prospects 2022", United Nations Dept of Economic and Social Affairs, 2022, "Mineral requirements for clean energy transitions", IEA, 2021, Mining and metals companies are critical to energy transition and decarbonization, fueling continuing growth in urban populations and infrastructure, Valuing natural capital, engaging in circular economy, and evolving safety and health standards are supporting industry ESG efforts, To meet the booming demand for critical minerals, companies are enhancing stepping up operational optimization, collaborative innovation, and talent development. It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. Raw materials will increase in price, and the cost of remediating toxics in the biosphere will continue to grow. In mine reclamation, shifting the focus from harm reduction to value generation could involve regenerating land for recreational, commercial, agricultural purposes and restoring natural ecological systems. The ratio of useful materials to waste minerals is staggering; waste mass can be several times that of base metals, and can be millions of times that of rare elements such as gold. Arguably, no group of elements have had more impact on the development of our societies than metals. NSERC-CREATE in collaboration with Polytechnic Montreal UBC UMIC Mining Engineering entitled Sustainable Electronics and Eco-Design. The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is an association for minerals industry professionals. However, sustainability is no longer enough. A CE model is decoupled from finite materials and is a more sustainable alternative that . Each and every change, however small, will start to add up in time. Extracting embedded value from mining wastes to make the most out of stored geological resources, extending materials life and industrial symbiosis i.e. Discussion on the Model of Mining Circular Economy Although its far from impossible, Ive read very little about the practical steps and strategies that mines (both new and existing) can take to incorporate circular principles into their operations. One of the core stages of implementing circular principles in the mining industry is in post-mining closure. At Curtin, Professor Michael Hitch is leading the first step of the process: the drafting of . The report suggests that, where natural resources must be used, mines should consider low impact options. Its therefore important that this mining is done right. AusIMM is not responsible for statements made or opinions advanced by authors in the AusIMM Bulletin. With the global population predicted to approach 9 billion people by 2030, we are using more resources than the planet can provide. OneHealth approach: Time for implementation, Media Partnership: Upskilling Hospitality For more Sustainability and Resilience in Food Supply Chains, Animal health, a prerequisite for animal welfare, Media Partnership Soil health & agriculture: Going beneath the surface, Citizens of tomorrow: educations role in strengthening EU democracy, The challenges faced by the European metal, engineering and tech industry.

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